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MARKETS LIVE BLOG:

STOCK FUTURES CLIMB AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Why Shares of General Electric Were Up Today

Lou Whiteman, The Motley Fool
·2 min read
Why Shares of General Electric Were Up Today

Shares of General Electric (NYSE: GE) gained 5% on Thursday on growing optimism about a recovery in the airline industry. GE faced a number of challenges even before the COVID-19 pandemic, but a normalization of air travel would at least provide a boost to one of the industrial conglomerate's most important business units. GE shares have lost about 70% of their value over the past five years as the company has been weighed down by debt accumulated from a number of ill-timed acquisitions.

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